SmartRent Q2 FY26 net loss narrows 48% to $5.6 million; revenue rises 4% to $39.8 million

Reuters2026/08/05 12:03

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SmartRent posted Q2 revenue of USD 39.8 million, up 4% from a year earlier; net loss narrowed to USD 5.6 million.
Gross margin widened to 40.7%, up 7.6 percentage points; adjusted EBITDA (non-GAAP) turned positive at USD 0.7 million.
Annual recurring revenue rose 13% to USD 64.5 million, representing 40% of revenue; total units deployed climbed 10% to 929,487.
Units booked hit 48,254, up 98%, pushing trailing 12-month units booked up 40% to 112,560.
Frank Martell said the installed IoT footprint is about 930,000 units, positioning SmartRent to exceed 1 million installed units in H1 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SmartRent Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260805694221) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SmartRent Q2 FY26 net loss narrows 48% to $5.6 million; revenue rises 4% to $39.8 million

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